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Bitcoin Miners Feel the Heat as Hashrate Climbs and Profits Drop
- Bitcoin mining profits fell in September 2024 as hashrate rose 1.7% and prices stayed flat.
- Average daily revenue per exahash fell by 2.6%, putting pressure on Bitcoin miners’ profit margins.
- North American mining companies increased their share of total mining from 19.9% to 22.2% in September.
- Marathon Digital leads in installed hashrate at 36.9 exahashes per second (EH/s).
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